Stocks slide on continued concern over tension between United States and North Korea

The Nasdaq and the S&P 500 are rebounding after ending Thursday's trading at their lowest closing levels in a month.

The S&P's record close on August 7 likely helped fuel its latest sell-off.

The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 143.08 points, or 0.94 percent, at 15,074.25. Over the next three months, the average gain has been good but not great - +1.15%.

The Nasdaq finished the day at 6,216.87, a slide of 135.46, while the S&P 500 lost almost 1.5 percent, ending the day at 2,438.21. He added that in China, the US and South Korea, stocks that are showing the biggest declines since the rise of tensions between the USA and North Korea are the companies that have risen most since June.

"We have not had a 5 percent correction since June 2016". The Producer Price Index (or PPI) fell 0.10%, while the market had forecast a rise of 0.10%. South Korea's Kospi fell 0.5 percent.

The smaller than expected increase in consumer prices has led to optimism that the Federal Reserve will not be in a hurry to raise interest rates.

Markets have a lot of ground to make up after an increasingly heated war of words between President Donald Trump and North Korea's leadership sent the markets into a tailspin.

Trump, whose threat this week to bring "fire and fury" was dismissed by North Korea, said Thursday that statement might not have been "tough enough". "I think a few investors are capitulating to it".

An Associated Press report that the USA and North Korea have been engaged in back channel talks (https://apnews.com/686ac7c761694b28b67793a1d8297145?link=mktw) for several months even as they exchange incendiary threats may also help to soothe jitters. And in a Friday morning tweet, Trump wrote: "Military solutions are now fully in place, locked and loaded, should North Korea act unwisely. Hopefully Kim Jong Un will find another path!" Indeed, US equities sold off at the open and added to those losses this afternoon following President Trump's latest warning to North Korea. The Russell 2000 index gave up 24.40 points, or 1.8 percent, to 1,372.54. Bank of New York Mellon slid $2.09, or 3.9 percent, to $51.95, while Citizens Financial Group shed $1.32, or 3.8 percent, to $33.71. Genesee & Wyoming (GWR) is posting a notable gain after reporting an increase in July traffic. The stock fell $1.01 to $22.02. That conflict will continue to weigh on stocks, analysts believe. Earlier in Asia, Japan's benchmark Nikkei 225 slipped less than 0.1 percent, while Hong Kong's Hang Seng slid 1.1 percent. The Japanese markets were closed for a holiday.

The major European also saw further downside on the day.

Shares of Snap were down as much as 14.23 percent and hit an all-time low following a miss on revenue and daily active users.

In the bond market, treasuries extended the upward move seen over the two previous sessions.

The New York stock Exchange has chained three consecutive sessions of decline in response in a face-to-face meetings between the United States and North Korea.

Retailers Wal-Mart (WMT), Home Depot (HD), Target (TGT), Staples (SPLS), and Gap (GPS) are also among the companies due to report their quarterly results next week.

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